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Shandong Luoxin Acquires Constipation Drug in $68 Million Agreement

Shandong Luoxin Pharma signed a $68 million agreement to acquire greater China rights to Trulance® (plecanatide) from Synergy Pharma of the US . Trulance treats chronic idiopathic constipation (CIC) and irritable bowel syndrome with constipation. Luoxin will make a $12 million upfront payment and will be responsible for an additional $56 million of regulatory and sales milestones, plus royalties. In China , Luoxin offers products for needs in the gastrointestinal, respiratory, cardiovascular, infectious and cancer disease sectors. More details.... Stock Symbol: (NSDQ: SGYP) Share this with colleagues: // //
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